Biden Says He’s Warned Xi Jinping of Investment Ramifications If China Violates Sanctions on Russia
President Joe Biden says he’s warned his Chinese counterpart Xi Jinping that violating U.S. sanctions imposed on Russia for its invasion of Ukraine would be a “gigantic mistake” that may hurt investment in China.
In an interview with CBS on Sunday, Biden said that he spoke with Xi not long after the Chinese leader signed a “no limits” partnership with Russian President Vladimir Putin during the Beijing Winter Olympics in February.
“And I said that if you think that Americans and others were going to continue to invest in China based on your violating the sanctions that have been imposed on Russia, I think you’re making a gigantic mistake. But that’s your decision to make,” he said….